Saniya N. is the leader of the Kisakye group in Mpunge. She is a married lady with a farming business. She grows food crops for sale. She grows matooke, beans, cassava, egg plants, green pepper, and so on and sells her crops to traders in Lugazi, Jinja, and sometimes in Kampala.
The group is taking its 24th loan and it is grateful that the loans have been helping them so much. Saniya dreams of owning a stall in all the markets to which she supplies so that she can sell like a retailer and a wholesaler. But finding a stall is not something you will wake up and achieve. She again needs a new loan to be able to buy fertilizers and pesticides for her crops.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid